Eastern Caribbean Currency Union: Staff Report for the 2005 Regional Discussions

August 26, 2005

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Eastern Caribbean Currency Union: Staff Report for the 2005 Regional Discussions, (USA: International Monetary Fund, 2005) accessed September 20, 2024

Summary

This 2005 Article IV Consultation highlights that economic activity in the Eastern Caribbean Currency Union (ECCU) has accelerated since mid-2003 owing to an acceleration of activity in the tourism and construction sectors. Inflation has been stable and monetary aggregates have been expanding rapidly, reflecting continued growth in the demand for money and confidence in the banking system and the quasi-currency board arrangement. Against this background, Executive Directors have called for strengthening fiscal consolidation, lowering the debt ratios, and ensuring the consistency of fiscal policies with the currency board arrangement.

Subject: Banking, Economic sectors, Environment, Fiscal policy, Fiscal stance, Natural disasters, Public debt, Public sector, Tax incentives

Keywords: Caribbean, CR, Debt, ECCU country, ECCU government, Exchange rate, Fiscal policy, Fiscal stance, Global, ISCR, Labor market, Natural disasters, Private sector, Public sector, Public sector debt stock, U.S. dollar

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/304
Stock No:

1ECCEA2005001
ISBN:

9781451811674
ISSN:

1934-7685

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